IMF cuts 2023 global outlook over colliding global shocks
2 years, 2 months ago

IMF cuts 2023 global outlook over colliding global shocks

Al Jazeera  

The three largest economies will ‘continue to stall’, ‘the worst is yet to come’ and for many people 2023 will feel like a recession, it warned. “In short, the worst is yet to come, and for many people, 2023 will feel like a recession.” In its World Economic Outlook the IMF said global GDP growth next year will slow to 2.7 percent, compared to a 2.9 percent forecast in July, as higher interest rates slow the United States economy, Europe struggles with spiking gas prices and China contends with continued COVID-19 lockdowns and a weakening property sector. Priority: inflation The global economy’s future health “rests critically” on the successful calibration of monetary policy, the course of the war in Ukraine and the possibility of further pandemic-related supply-side disruptions, the IMF said. “This would prove much more detrimental to future macroeconomic stability.” So far, however, price pressures are proving “quite stubborn and a major source of concern for policymakers”, the IMF said, adding while it expects global inflation to peak in late 2022 at 9.5 percent. Downside scenario A “plausible combination of shocks”, including a 30 percent spike in oil prices from current levels, could darken the outlook considerably, the IMF said, pushing global growth down to 1 percent next year, a level associated with widely falling real incomes.

Global Growth Markets Inflation Global Growth Imf Forecast Gourinchas  2023  prices  colliding  forecast  markets  outlook  cuts  inflation  global  emerging  financial  growth  imf  gourinchas  shocks

History of this topic

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says
2 weeks, 6 days ago

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says

Live Mint  

The global economy is set to grow at slightly a faster pace next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits, the Organization for Economic Cooperation and Development said Wednesday. “Growth continues to be resilient," said Alvaro Pereira, the OECD’s chief economist, in an interview with The Wall …

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
2 months ago

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections

China Daily  

The International Monetary Fund (IMF) has downgraded its global growth projections for 2024, with a revised forecast of 3.2 percent for this year and 4.5 percent for 2025. The IMF warns about the global economic outlook, highlighting geopolitical risks, trade protectionism, and challenges in the real estate sector.

UK economic growth forecasts downgraded for next two years – economists
2 months ago

UK economic growth forecasts downgraded for next two years – economists

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. EY Item Club’s latest quarterly economic forecast also suggested that caution by Bank of …

US Economy Booms, Outperforming Global Leaders
2 months ago

US Economy Booms, Outperforming Global Leaders

Live Mint  

The U.S. economy is leading the world in terms of productivity and wages, with a surge in investment boosting output and wages. The IMF projects U.S. gross domestic product to expand 2.5% in the fourth quarter, higher than the previous July forecast, while global output is projected to grow 3.3%. The U.S. is also expected to grow faster than all …

IMF's economic view: A brighter outlook for US but still-tepid global growth
2 months ago

IMF's economic view: A brighter outlook for US but still-tepid global growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

IMF praises China for its resilient growth
4 months, 2 weeks ago

IMF praises China for its resilient growth

China Daily  

The International Monetary Fund welcomes China's "resilient economic growth and the post-pandemic recovery in private consumption", according to a new report. Driven by China's strong economic data from the first quarter, the IMF increased its forecast for the nation's annual economic growth to 5 percent this year, an upward revision of 0.4 percentage points compared with the projections released in …

Responsive economic policies have mitigated risks and shock waves
5 months ago

Responsive economic policies have mitigated risks and shock waves

China Daily  

The skyline of Beijing. The IMF, as well as other international institutions such as Morgan Stanley, Goldman Sachs and UBS, all raised their forecast for China's economic growth this year, mainly because of the overall performance of the Chinese economy in the first half of the year and the effectiveness it has displayed in preventing and resolving risks. Since March, …

China's economic performance resilient amid challenges
5 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

Strong consumption, exports spur IMF's brighter outlook for nation
5 months ago

Strong consumption, exports spur IMF's brighter outlook for nation

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. Jean-Marc Natal, deputy chief of the World Economic Studies Division at IMF's Research Department, said at the briefing that one of the reasons for the upward revision "is that we expect that the new …

China's economic performance resilient amid challenges
5 months ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

IMF boosts China's growth outlook to 5 percent for year
5 months, 1 week ago

IMF boosts China's growth outlook to 5 percent for year

China Daily  

Workers assemble doors for new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. The International Monetary Fund raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook Update released on Tuesday. Pierre-Olivier Gourinchas, the IMF's …

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
5 months, 1 week ago

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation

ABC  

The message seems to have been lost in all the noise. The biggest risk is that higher American interest rates "disrupt capital flows and impede planned monetary policy easing, which could adversely impact growth". Even worse, "persistently high interest rates could raise borrowing costs further and affect financial stability if fiscal improvements do not offset higher real rates amid lower …

IMF raises India’s FY25 growth forecast upward to 7%
5 months, 1 week ago

IMF raises India’s FY25 growth forecast upward to 7%

Hindustan Times  

The International Monetary Fund raised India’s growth forecast for FY25 to 7 per cent from 6.8 per cent projected in April. This comes as the Reserve Bank of India revised India’s growth forecast upward to 7.2 from 7 per cent earlier in June. IMF said that the global economy is still poised for a soft landing as it raised the …

Interest rate cuts under threat from ‘stubbornly high inflation’
5 months, 1 week ago

Interest rate cuts under threat from ‘stubbornly high inflation’

The Telegraph  

Interest rate cuts by the Bank of England and Federal Reserve are at risk of being derailed by stubbornly high inflation, the International Monetary Fund has warned. Pierre Olivier Gourinchas, the IMF’s chief economist, warned that underlying inflation remained “persistent”, with global growth likely to suffer if the US keeps borrowing costs at their highest level since 2001. Speaking at …

IMF Retains Growth Forecast for India at 7 PC in FY25
6 months ago

IMF Retains Growth Forecast for India at 7 PC in FY25

Deccan Chronicle  

Chennai: The International Monetary Fund on Tuesday retained the growth of the Indian economy for the current fiscal at 7 per cent and for next year at 6.5 per cent. As projected in July, the IMF retained the growth forecast for FY25 at 7 per cent and FY26 at 6.5 per cent. Deloitte India too on Tuesday projected 7 -7.2 …

Financial stability challenges need to be discussed, IMF MD echoes RBI governor
6 months, 2 weeks ago

Financial stability challenges need to be discussed, IMF MD echoes RBI governor

Hindustan Times  

Echoing the sentiment expressed by Reserve Bank of India Governor Shaktikanta Das, Kristalina Georgieva, Managing Director, International Monetary Fund, underscored the need to discuss the financial stability challenges in a separate discussion in Washington D.C. Kristalina Georgieva, managing director of the International Monetary Fund. She underscored the challenges posed to the financial sector due to the introduction of new technologies …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
6 months, 2 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Policy and resilience raise confidence in stable economic growth this year
6 months, 3 weeks ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
6 months, 3 weeks ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy
7 months ago

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy

Daily Mail  

The IMF upgraded forecasts for the UK economy today as Jeremy Hunt swiped at 'unjustified pessimism'. The international body said Britain is on track for a 'soft landing', with GDP predicted to rise 0.7 per cent this year as inflation eases. Jeremy Hunt met the managing director of the IMF, Kristalina Georgieva, at Downing Street today Official figures for the …

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
7 months, 1 week ago

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

Associated Press  

UNITED NATIONS — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. “Globally, energy and food prices are inching upward in recent months, but I think a bit more insidious even is the persistence …

The real reason behind fluctuations in global foreign exchange market
8 months ago

The real reason behind fluctuations in global foreign exchange market

China Daily  

In recent days, the currencies of emerging market countries have caught everyone's attention because of a weak streak, with the Indonesian rupiah falling to a four-year low, the Malaysian ringgit tumbling to its lowest exchange rate since 1998, and the Indian rupee dropping to a record low. According to the IMF, if the US Federal Reserve keeps its benchmark interest …

Data show general upward growth trend holds firm
8 months ago

Data show general upward growth trend holds firm

China Daily  

The skyline of Beijing. A comprehensive analysis of the first quarter data shows that more indicators reflect the general trend of high-quality economic development. For example, investment in high-tech industries increased by 11.4 percent year-on-year, 2 percentage points higher than that from January to February, and 6.9 percentage points higher than all investment; the added value of industries such as …

Sobering assessment: On the IMF forecast, World Bank report
8 months ago

Sobering assessment: On the IMF forecast, World Bank report

The Hindu  

The global economy has avoided the spectre of a debilitating recession, with the IMF last week raising its forecast for worldwide aggregate growth in 2024 to 3.2%, from the 2.9% it had projected in October. The IMF has underlined the fact that the global economy has, with surprising resilience, ridden out several adverse shocks as well as ‘significant central bank …

Debt, fiscal challenges facing low-income countries worry IMF
8 months ago

Debt, fiscal challenges facing low-income countries worry IMF

The Hindu  

Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on April 19. Impact of high debt levels on low-income countries Ms. Georgieva, in a meeting of the Global Sovereign Debt Roundtable hosted by the IMF and the World …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
8 months ago

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,’' including stubborn inflation and rising levels of government debt. In the United States, she said, “the flipside’’ of …

IMF forecasts India’s economy to grow 6.8% this fiscal year
8 months, 1 week ago

IMF forecasts India’s economy to grow 6.8% this fiscal year

The Hindu  

The International Monetary Fund on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The global economy had remained “remarkably resilient” with steady growth and inflation returning to target and had “defied expectations of stagflation and global recession” in the wake of the post-pandemic supply disruptions, …

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF
8 months, 1 week ago

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF

Hindustan Times  

US has a 2x rate of GDP growth relative to any other G7 country this year, as per International Monetary Fund projections, while its economy gains the upper hand globally, creating wild market swings by itself. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas holds the IMF's World Economic Outlook during a press briefing at the IMF-World Bank Group spring meetings …

IMF: Outlook for world economy is brighter, though still modest by historical standards
8 months, 1 week ago

IMF: Outlook for world economy is brighter, though still modest by historical standards

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
8 months, 1 week ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

Associated Press  

WASHINGTON — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ -– …

IMF head: China's high-quality growth depends on pro-market reforms
9 months ago

IMF head: China's high-quality growth depends on pro-market reforms

China Daily  

International Monetary Fund Managing Director Kristalina Georgieva delivers a speech at China Development Forum 2024 on March 24. "China is determined to choose transition from high rates to high quality of growth, as its government recognizes that high-quality development ultimately depends on reforms", International Monetary Fund Managing Director Kristalina Georgieva said at China Development Forum 2024 in Beijing on March …

IMF more pessimistic about Dutch economy as growth stalls and risks remain
10 months, 2 weeks ago

IMF more pessimistic about Dutch economy as growth stalls and risks remain

NL Times  

Optimism for the Dutch economic recovery took a hit today as the International Monetary Fund painted a cautious picture, highlighting significant risks and demanding immediate fiscal prudence. “Real GDP growth is projected to increase from 0.1 in 2023 to 0.6 and 1.3 percent in 2024 and 2025, respectively, largely driven by improved household purchasing power from lower inflation and stronger …

Nirmala Sitharaman: 7% Growth Possible; Global Agencies Like IMF Have Enhanced Assessments
10 months, 3 weeks ago

Nirmala Sitharaman: 7% Growth Possible; Global Agencies Like IMF Have Enhanced Assessments

News 18  

The Narendra Modi government is confident of managing inflation as well as maintaining the robustness in economic growth, said union finance minister Nirmala Sitharaman on Friday in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi, a day after presenting the interim budget in Parliament ahead of the Lok Sabha elections. The International Monetary Fund has raised its 2024-25 GDP …

China to remain top contributor to global growth in 2024: IMF
10 months, 3 weeks ago

China to remain top contributor to global growth in 2024: IMF

China Daily  

Despite a moderate slowdown, China's economy will remain the largest contributor to global growth in 2024, said Steven Barnett, senior resident representative of the International Monetary Fund in China. "China would still be the single-largest contributor to contribute over one-quarter of global growth this year," Barnett said in an exclusive interview with China Daily, adding that the over-a-quarter contribution is …

IMF: China to stay big contributor to growth
10 months, 3 weeks ago

IMF: China to stay big contributor to growth

China Daily  

Despite a moderate slowdown, China's economy will still contribute more than a quarter of global economic growth this year and remain the largest contributor to worldwide growth, said a senior official at the International Monetary Fund. The country's real estate sector is undergoing a needed adjustment to address oversupply, which can ultimately help stabilize economic growth, with more supportive policy …

China to remain top contributor to global growth in 2024: IMF
10 months, 3 weeks ago

China to remain top contributor to global growth in 2024: IMF

China Daily  

Despite a moderate slowdown, China's economy will remain the largest contributor to global growth in 2024, said Steven Barnett, senior resident representative of the International Monetary Fund in China. "China would still be the single-largest contributor to contribute over one-quarter of global growth this year," Barnett said in an exclusive interview with China Daily, adding that the over-a-quarter contribution is …

IMF projects Indian economy to grow at 6.7 per cent in FY24
10 months, 3 weeks ago

IMF projects Indian economy to grow at 6.7 per cent in FY24

India Today  

The International Monetary Fund has changed its growth forecast for India, expecting the economy to expand by 6.7 per cent in the fiscal year 2024, up from the previous estimate of 6.3 per cent. In addition to the upgraded forecast for India, the IMF projects a steady growth rate of 6.5 per cent for the subsequent fiscal years, FY25 and …

IMF pegs India’s growth at 6.7% in FY24
10 months, 3 weeks ago

IMF pegs India’s growth at 6.7% in FY24

New Indian Express  

NEW DELHI: The International Monetary Fund on Tuesday increased its gross domestic product growth forecast for India in 2023-2024 to 6.7% from an earlier projection of 6.3% in October last year. “Growth in India is projected to remain strong at 6.5% in both 2024 and 2025, with an upgrade from October of 0.2 percentage point for both years, reflecting resilience …

IMF raises growth forecast for global economy
10 months, 3 weeks ago

IMF raises growth forecast for global economy

Firstpost  

The two biggest economies in the world, China and the United States, have improved economic prospects, according to the International Monetary Fund, which raised its prediction for global growth on Tuesday. Although a “soft landing” appeared to be imminent, according to the IMF’s most recent World Economic Outlook, head economist Pierre-Olivier Gourinchas noted that global trade and overall GDP were …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
10 months, 3 weeks ago

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. But Gourinchas said that for now, the Red Sea disruptions don’t seem to be “a major source of reigniting supply side inflation,” which arose from far more severe shipping backlogs …

Global economy will slow for a third straight year in 2024, World Bank predicts
11 months, 2 weeks ago

Global economy will slow for a third straight year in 2024, World Bank predicts

Associated Press  

WASHINGTON — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. “Near-term growth will remain weak, leaving many developing countries — especially the poorest — stuck in a trap: with paralyzing levels of debt and tenuous access to food for nearly one out of …

India’s GDP grew by 7.6 per cent during July-September quarter
1 year ago

India’s GDP grew by 7.6 per cent during July-September quarter

Op India  

The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. The Reserve Bank of India had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent. The International Monetary Fund had …

Asian economies under cosh as China's property woes bite: IMF
1 year, 2 months ago

Asian economies under cosh as China's property woes bite: IMF

Firstpost  

Meanwhile, the strength of the U.S. economy has offered less support to Asia than in the past because it has been focused on the service sector, which does not fuel demand for exports, the Fund said in a blog on the region’s outlook. China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 2 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

Associated Press  

DUBAI, United Arab Emirates — Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook. The IMF expects economic growth to slow to 2% this year in the Middle East and …

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023
1 year, 2 months ago

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023

Firstpost  

The International Monetary Fund’s World Economic Outlook for October, released on Tuesday, forecasts a growth of 2.5 per cent for the country’s economy in the current year, doubling to 5 per cent in the next fiscal year The IMF expects Pakistan’s economy to perform better in the current and next fiscal years compared to other multilateral agencies’ projections despite the …

IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption
1 year, 2 months ago

IMF raises India’s growth forecast to 6.3% for 2023-24, cites strong consumption

India TV News  

The International Monetary Fund has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. Inflation and global growth outlook The IMF estimated India's consumer inflation for the fiscal year at 5.5%, slightly above the Reserve Bank of India's forecast of 5.4%. Globally, the IMF predicts a slowdown in …

Biden borrowing binge driving ‘unsustainable’ rise in global debts, warns IMF
1 year, 2 months ago

Biden borrowing binge driving ‘unsustainable’ rise in global debts, warns IMF

The Telegraph  

Janet Yellen, the US Treasury Secretary, has insisted that interest payments on the country’s mammoth borrowing pile remain sustainable. However, the US Congressional Budget Office warned this summer that rising US debt posed “significant risks to fiscal and economic outlook” and could also “cause lawmakers to feel more constrained in their policy choices”. The IMF said politicians around the world …

IMF raises India growth forecast to 6.3% for FY24
1 year, 2 months ago

IMF raises India growth forecast to 6.3% for FY24

Hindustan Times  

The Indian economy will grow faster than previously estimated this year, the International Monetary Fund said in its World Economic Outlook released Tuesday, and remain the world’s fastest growing major economy this year and next, but global growth will slow marginally next year even as global inflation rises faster than previously estimated. While the IMF’s upward revision of India’s 2023-24 …

IMF raises India growth forecast for FY24 to 6.3%
1 year, 2 months ago

IMF raises India growth forecast for FY24 to 6.3%

Live Mint  

The International Monetary Fund lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption” during the June quarter. The five emerging market economies—Brazil, China, India, Indonesia and Russia—have contributed about 0.9% percentage points to the decline in medium-term global growth prospects between 2008 and 2023, the IMF report added. In its global …

Amid Israel-Hamas conflict, IMF outlook worsens for a 'limping' world economy
1 year, 2 months ago

Amid Israel-Hamas conflict, IMF outlook worsens for a 'limping' world economy

Hindustan Times  

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. “The global economy is limping along, not sprinting," IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the …

Discover Related